Common use of Federal Income Tax Information Clause in Contracts

Federal Income Tax Information. As soon as practicable after the close of each tax year, the Trustee shall deliver to each Person who was a Beneficiary at any time during such tax year, a statement showing on a Unit basis, the dates and amounts of all distributions made by the Trustee, gross income earned on Trust Assets and expenses attributable to the Trust, and such other information that a Beneficiary is required to include in such Beneficiary’s Federal income tax return for the preceding year and any other information as may be required to be furnished under applicable law.

Federal Income Tax Information. As soon as practicable after the close of each tax year, the Trustee shall deliver mail to each Person who was a Beneficiary at any time during such tax year, a statement showing showing, on a per Unit basis, the dates and amounts of all distributions made by the Trustee, gross income earned on Trust Assets and expenses attributable information necessary to the Trust, and such other information that enable a Beneficiary is required to include in such Beneficiary’s determine its taxable income (if any) from the Trust as determined for Federal income tax return for the preceding year and any other information as may be required to be furnished under applicable law.tax

Federal Income Tax Information. As soon as practicable after the close of each tax year, the Trustee shall deliver mail to each Person who was a Beneficiary at any time during such tax the close of the year, a statement showing on a Unit basis, the dates and amounts amount of all distributions made by the Trustee, gross income earned on Trust Assets assets held by the Trust, if any, such other information as is reasonably available to the Trustee which may be helpful in determining the amount of gross income and expenses attributable to the Trust, and Trust that such other information that a Beneficiary is required to should include in such BeneficiaryPerson’s Federal income tax return for the preceding year and any other information as may be required to be furnished under applicable law.